IWIP to invest $2 billion in renewables at Weda Bay nickel hub

PT Indonesia Weda Bay Industrial Park (IWIP) said on Saturday it is accelerating the use of renewable energy at its nickel-processing industrial zone in North Maluku as part of efforts to curb emissions and support the country’s long-term climate targets.

IWIP plans to develop a $2 billion renewable-energy project that includes a 2-gigawatt (GW) solar power plant and a 500-megawatt (MW) wind facility, the company said in a statement. The power plants will supply electricity to industries operating at the Weda Bay complex.

Indonesia is aiming for net-zero emissions by 2060 and to lift the share of renewables in the national energy mix to 31% by 2050 under its long-term energy plan.

“The green-energy transition is a priority for us,” IWIP director Scott Ye said, adding that the company aims to lower greenhouse gas emissions across its operations.

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IWIP has also begun adopting electric vehicles for logistics and internal transport, including electric trucks and heavy equipment, to reduce emissions from on-site mobility.

The industrial park hosts mining, smelting and downstream production of nickel materials used in electric-vehicle batteries, making it one of the country’s key sites in the global EV supply chain.

IWIP said its renewable-energy and electrification measures are intended to position the Weda Bay complex as an integrated low-carbon industrial hub.

Editing by Reiner Simanjuntak